Stronger ringgit expected on Fed rate hike pause

KUALA LUMPUR: The peaking of key policy rates in developed economies is expected to bolster the strengthening of the ringgit, says Bank Negara deputy governor Adnan Zaylani Mohamad Zahid.

“We are not out of the woods yet,” he said despite getting a respite recently due to the expectations that the Federal Reserve (Fed) is done raising interest rates.